NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $602MRnk 20 / 211
2023
Flag → Flag
Top Product $143MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $372MRnk 34 / 197
2023
Flag → Flag
Top Product $150MCars
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.35Rnk 15 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH34.1%CURRENT US$
Rnk 104 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$24,491CURRENT US$
Rnk 51 / 196
2013-2023
Flag
GDP PC GROWTH33.7%CURRENT US$
Rnk 71 / 195

About

Portugal-Slovakia Trade: In 2023, Portugal exported $602M to Slovakia. The main products that Portugal exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($143M), Rubber Tires ($78.1M), and Seats ($76.8M). Over the past 5 years the exports of Portugal to Slovakia have increased at an annualized rate of 7.52%, from $419M in 2018 to $602M in 2023.

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

Slovakia-Portugal Trade: In 2023, Slovakia exported $372M to Portugal. The main products that Slovakia exported to Portugal were Cars ($150M), Motor vehicles; parts and accessories (8701 to 8705) ($34.3M), and Video Displays ($33.1M). Over the past 5 years the exports of Slovakia to Portugal have increased at an annualized rate of 2.46%,  from $330M in 2018 to $372M in 2023.

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €43.2M and imported €28.5M from Slovakia, resulting in a positive trade balance of €14.7M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-11.7M (-21.3%) from €54.9M to €43.2M, while imports increased by €3.27M (13%) from €25.2M to €28.5M.

Trade In November 2024, the top exports of Portugal to Slovakia were Optical, photo, & film equipment; medical... (€9.68M), Electrical machinery and electronics (€8.68M), Cars, tractors, trucks & parts thereof. (€8.14M), Furniture, bedding, lamps, & prefab buildings (€6.82M), and Rubber & articles thereof (€6.59M). In November 2024 the top imports of Portugal from Slovakia were Cars, tractors, trucks & parts thereof. (€10.1M), Electrical machinery and electronics (€4.14M), Rubber & articles thereof (€1.01M), Machinery, mechanical appliances, & parts (€960k), and Iron & steel (€730k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Raw hides & skin (non-fur) (€-146k or -42%), Aluminum articles (€-135k or -23.9%), and Man-made filaments (€-110k or -97.6%). In November 2024, the increase in Portugal's year-by-year imports  from Slovakia was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€2.14M or 26.9%), Glass & glassware (€474k or 210%), and Footwear (€165k or 57%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-11.7M(-21.3%)
IMPORT GROWTH (November 2023 - November 2024)€3.27M(13%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Slovakia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Slovakia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $602M to Slovakia. The main products exported from Portugal to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($143M), Rubber Tires ($78.1M), and Seats ($76.8M). During the last 5 years the exports of Portugal to Slovakia have increased at an annualized rate of 7.52%, from $419M in 2018 to $602M in 2023.

In 2018, Slovakia exported $372M to Portugal. The main products exported from Slovakia to Portugal were Cars ($150M), Motor vehicles; parts and accessories (8701 to 8705) ($34.3M), and Video Displays ($33.1M). During the last 5 years the exports of Slovakia to Portugal have increased at an annualized rate of 2.46%, from $330M in 2023 to $372M in 2018.

Exports from Portugal (Flag) to Slovakia (Flag) (2023)

Exports from Slovakia (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Slovakia
Top DestinationGermany$21.5B

This map shows whether countries import more from Portugal or Slovakia. Each country is colored based on the difference in imports they receive from Portugal and Slovakia or the difference in the growth in imports.

In 2023, countries that imported more from Portugal than Slovakia included Spain ($17.7B), France ($9.19B), and Canada ($2.39B).

In 2023, countries that imported more from Slovakia than Portugal included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

Difference in imports from Slovakia (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Slovakia

Flow
Scale

This chart compares trade between Portugal and Slovakia by product, considering products traded by both, Portugal and Slovakia.

During 2023, Portugal had a large net trade with Slovakia in the exports of Transportation ($186M), Machines ($98.7M), and Plastics and Rubbers ($97.2M).

During 2018, Slovakia had a large net trade with Portugal in the exports of Transportation ($185M), Machines ($84.6M), and Metals ($27.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Slovakia+$27.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Slovakia Portugal+$71.8MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Slovakia (Flag) (2020)

Services Exports from Slovakia (Flag) to Portugal (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Portugal and Slovakia. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Portugal.

Product Space of Portugal (Flag) and Slovakia (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms